Issue - meetings

To consider and recommend to Council the approval of the 2019/20 Treasury Management, Capital and Investment Strategies.

Executive Councillor: J A Gray.

That the Treasury Management Strategy, Capital Strategy, Investment Strategy, Minimum Revenue Provision Statement and Flexible Use of Capital Receipts Strategy (as attached as Appendices 1, 2, 3, 4 and 5 respectively of the report now submitted) be recommended for approval to Council.

Consideration was given to a report by the Head of Resources (a copy of which is appended in the Minute Book) seeking approval of the Treasury Management, Capital, Investment and Flexible use of Capital Receipts Strategies and the Minimum Revenue Provision Statement.

RESOLVED

That Council be recommended to approve:

(a)  the Treasury Management Strategy (as attached as Appendix 1 of the report now submitted);

(b)  the Capital Strategy (as attached as Appendix 2 of the report now submitted);

(c)  the Investment Strategy (as attached as Appendix 3 of the report now submitted);

(d)  the Minimum Revenue Provision Statement (as attached as Appendix 4 of the report now submitted); and

(e)  the Flexible Use of Capital Receipts Strategy (as attached as Appendix 5 of the report now submitted).

To consider and recommend to Council the approval of the 2018/19 Treasury Management Strategy.

(Executive Councillor: Cllr J A Gray)

That the Council approve;

a)  the Treasury Management Policy (as attached in Appendix 2 of the report now submitted);

b)  the Treasury Management Strategy (as attached in Appendix 3 of the report now submitted);

c)  the Prudential, Treasury Management and CIS Indicators (as attached in Appendix 4 of the report now submitted); and

d)  the Annual Minimum Revenue Provision Policy 2018/19 (as attached in Appendix 5 of the report now submitted).

Consideration was given to a report by the Head of Resources, along with its related Appendices (copies of which are appended in the Minute Book) outlining the 2018/19 Treasury Management Strategy. Cabinet Members were advised that the Council was required by law to approve, on an annual basis, a Treasury Management Strategy; this requirement was within the relevant Codes of Practice issued by the Chartered Institute of Public Finance and Accountancy and other guidance issued by Central Government.

The Executive Councillor for Strategic Resources praised the report and the Cabinet noted their thanks for the dedication and hard work given by those staff members involved. Specific attention was drawn to Table 3, to showcase ther Council’s indications of borrowing over the Medium Term Financial Strategy. Members were reassured that processes were in place to ensure that borrowing was handled correctly and that the Council be robust. Whereupon, it was

RESOLVED

That Council be recommended to approve the

a)  Treasury Management Policy (as attached in Appendix 2 of the report now submitted);

b)  Treasury Management Strategy (as attached in Appendix 3 of the report now submitted);

c)  Prudential, Treasury Management and CIS Indicators (as attached in Appendix 4 of the report now submitted); and

d)  Annual Minimum Revenue Provision Policy 2018/19 (as attached in Appendix 5 of the report now submitted).

Members are to receive the Treasury Management Strategy 2018/19.

With the aid of a report by the Head of Resources (a copy of which has been appended in the Minute Book) the Treasury Management Strategy 2018/19 was presented to the Panel.

The Head of Resources stated that developing a Treasury Management Strategy is a responsibility of the Council. The report on the Strategy has changed very little since last year, although this year’s report does reflect the current economic cycle.

The Panel was informed of the changes to the report and the Minimum Revenue Provision Policy was explained.